The market has put in a large range expansion, logging two easy on the eyes trades all the way down to this congestion zone into the early August swing-high range (SPY $100-101). Internals are highly negative with rather severe momentum, suggesting that to me there could be further downside in the P.M. session after this first reaction pause.
Well, that would be a recent first, wouldn't it!? [GRAPHIC]
Update: Budget Deal is Reached
5 hours ago